Provident Financial Services, Inc (PFS) financial statements (2021 and earlier)

Company profile

Business Address 830 BERGEN AVENUE
JERSEY CITY, NJ 07306
State of Incorp. DE
Fiscal Year End December 31
SIC 6035 - Savings Institutions, Federally Chartered (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments188143191144102105102
Cash and cash equivalents187143191144102104101
Short-term investments11   11
Total current assets:188143191144102105102
Noncurrent Assets
Operating lease, right-of-use asset42
Property, plant and equipment55586384899366
Intangible assets, net (including goodwill)422414415416417400353
Goodwill421412412412412393353
Intangible assets, net (excluding goodwill)233568 
Total noncurrent assets:519472478500506493419
Other undisclosed assets9,1029,1109,1768,8568,3037,9256,966
TOTAL ASSETS:9,8099,7269,8459,5008,9128,5237,487
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt550723533471512516 
Total current liabilities:550723533471512516 
Noncurrent Liabilities
Other undisclosed liabilities7,8457,6448,0147,7777,2046,8636,477
Total liabilities:8,3958,3678,5478,2497,7167,3796,477
Stockholders' equity
Stockholders' equity attributable to parent1,4141,3591,2991,2521,1961,1441,011
Common stock1111111
Treasury stock, value(269)(272)(260)(264)(269)(272)(390)
Additional paid in capital1,0071,0221,0131,0061,0019951,026
Accumulated other comprehensive income (loss)4(12)(7)(3)(3)0(5)
Retained earnings695651586551508465428
Unearned esop shares(25)(30)(34)(38)(42)(45)(49)
Total stockholders' equity:1,4141,3591,2991,2521,1961,1441,011
TOTAL LIABILITIES AND EQUITY:9,8099,7269,8459,5008,9128,5237,487

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1019912011110511434
Net investment income1019993857881 
Financial services revenue2726273334
Cost of revenue(13)(24)(6)(6)(5)(5)(6)
Provision for loan, lease, and other losses(13)(24)
Financial services costs(6)(5)(4)(5)(6)
Gross profit:887511510510110929
Operating expenses(47)(44)(152)(148)(143)(155)(102)
Other operating income, net
(Noninterest Income, Other Operating Income)
222146643
Operating income (loss):6453(34)(36)(36)(43)(71)
Nonoperating income6675568
Investment income, nonoperating     01
Bank owned life insurance income6675567
Interest and debt expense(73)(59)(46)(44)(42)(40)(37)
Other undisclosed income from continuing operations before equity method investments, income taxes151144213199193183206
Income from continuing operations before income taxes:147144140125120105106
Income tax expense(34)(26)(47)(37)(36)(32)(35)
Net income available to common stockholders, diluted:1131189488847471

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:1131189488847471
Other comprehensive income (loss)16(5)(3)(1)(3)5(13)
Comprehensive income, net of tax, attributable to parent:1291149187817958

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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